Prime Location in Freeland. Solid businesses occupies two spaces Farmer Insurance and Chicago Title & Escrow. There is one 500 square foot office that is will be leased beginning of May. The going rate for this space is $2.00 per square foot. Occupied it adds $12,000 per year in income. Cap rate is 8%. This is a great investment property.
other interior Features Ceramic Tile, Wall to Wall Carpet
Area & Lot
StatusFor Sale
Lot Area0.27 Acres
MLS® ID2309044
TypeCommercial
YEAR BUILT1978
NeighborhoodWhidbey Island
Exterior
water SourcePublic
roofMetal
HEAT TYPEHeat Pump
AIR CONDITIONINGCentral A/C, Wall Unit(s)
sewerSeptic Tank
SubstructureSlab
other exterior FeaturesWood
Financial
Sales Price$695,000
Real Estate Tax$2,821/yr
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